Deep Value in American Capital Strategies [View article]
There is no guarantee that ACAS will want to remain a BDC. They can always convert to a regular "C" company and not have to issue dividends. Regardless, who knows what the "true" value of their investments are. Most are marginal companies that couldn't secure debt from any other source. Someday this co. may recover or it may go bankrupt.
Deep Value in American Capital Strategies [View article]
The 'Sell After Dividend Cut/Freeze' Rule, With Exceptions [View article]